iot

Stacey says that, even with IoT projects, starting small is good to prove long term ROI. She also describes the problem with doing transformational ROI when the work might just be doing improvements, like adding in more safety to industrial things. This doesn’t measure the creation of a new business ahead of time, innovation, which is an area that up-front ROI/business case stuff is obviously of little value, in trying be precise, at lease.
Original source: Don’t dream big when taking on industrial or enterprise IoT

A bit of an over-statement. What they want to say is “lots of new computing from IoT and pocket devices,” or something.

“many new applications have to act fast. According to some estimates, self-driving cars generate as much as 25 gigabytes per hour, nearly 30 times more than a high-definition video stream. Before so many data are uploaded, and driving instructions sent back, the vehicle may well already have hit that pedestrian suddenly crossing the street.”
Original source: The era of the cloud’s total dominance is drawing to a close – Life on the edge

“The private sector has pushed cities in a lot of ways,” she said. “My favorite example is, because Uber and Lyft and other transportation network companies could show you where your ride is on your phone, people started really asking, ‘Well, where’s my snow plow? Where are my services?’ It opened people’s minds to expecting more from the public sector, which is a healthy thing so long as the public sector has enough capacity for it.”
Original source: Meet Kate Garman, Seattle’s smart cities coordinator, tasked with making the city more efficient

“The private sector has pushed cities in a lot of ways,” she said. “My favorite example is, because Uber and Lyft and other transportation network companies could show you where your ride is on your phone, people started really asking, ‘Well, where’s my snow plow? Where are my services?’ It opened people’s minds to expecting more from the public sector, which is a healthy thing so long as the public sector has enough capacity for it.”
Original source: Meet Kate Garman, Seattle’s smart cities coordinator, tasked with making the city more efficient

This is especially true in “industrial Internet of Things” applications, where the likes of ABB and GE collect data from sensors on their equipment and analyze it to help with things like predictive maintenance and capacity planning. Often, for performance and/or security reasons, the compute gear that does the analytics is placed directly on oil rigs, power plants, factory floors, in mines, and so on. Sometimes it’s connected to the cloud, and sometimes it isn’t.

“The message from our customers was, ‘We will only start this journey with you if you can put all the infrastructure we need on our premises, isolated from the internet, so we can be assured of security, of governance, of adequate latency for decision making,’” Ciaran Flanagan, group VP and head of ABB’s Global Datacenter business, said. He predicted that for industrial IoT, between 60 percent and 70 percent of processing, transactions, and data management is going to happen at the edge.Link to original

This is especially true in “industrial Internet of Things” applications, where the likes of ABB and GE collect data from sensors on their equipment and analyze it to help with things like predictive maintenance and capacity planning. Often, for performance and/or security reasons, the compute gear that does the analytics is placed directly on oil rigs, power plants, factory floors, in mines, and so on. Sometimes it’s connected to the cloud, and sometimes it isn’t.

“The message from our customers was, ‘We will only start this journey with you if you can put all the infrastructure we need on our premises, isolated from the internet, so we can be assured of security, of governance, of adequate latency for decision making,’” Ciaran Flanagan, group VP and head of ABB’s Global Datacenter business, said. He predicted that for industrial IoT, between 60 percent and 70 percent of processing, transactions, and data management is going to happen at the edge.Link to original

Kevin Ichhpurani, executive vice president of global ecosystem and channels at GE Digital, and corporate officer of GE, told CRN during GE’s Minds and Machines conference in San Francisco last week that channel partners will have more success developing and selling applications around IoT, as opposed to grappling with the long and complex sales cycle of the GE Predix IoT platform itself.

Despite the forward momentum, a new study conducted by Cisco shows that 60 percent of IoT initiatives stall at the Proof of Concept (PoC) stage and only 26 percent of companies have had an IoT initiative that they considered a complete success. Even worse: a third of all completed projects were not considered a success.

While 26% may, at first, seem bad, if you baseline it against the Standish Chaos reports, it looks pretty normal for an IT project:

In 2015, Standish’s study said about 29% of projects were considered a success. There’s a 2016 report out too, but it’s hard to find anything more than an outline of it. I’ve never figured out how legit the CHAOS report is, but it seems a-OK.

Point being: innovating in software, let alone the business around that software, is all about failure. ~25% success rate is pretty good.